Online Position Monitoring System

The Online Position Monitoring System is exchange level risk management and monitoring system.

The system monitors the position of all the traders on trade to trade basis. It runs on Windows NT platform and can be integrated with the trading system and settlement and clearing systems used by the exchange. The system monitors the exposure of the traders against their capital base on a trade to trade basis and tracks the mark to market loss of all the unsettled positions under T+n settlement cycle by arriving at the worst case scenario. The system uses our own optimized computational algorithms to support extremely high intensity trading. The traders are given warning at exchange defined levels and cut off from trading when the permissible limit is exceeded. The broker member level limits are set up by the exchange while the broker member can set up the limits for their traders. The user interfaces are browser based.

SmartOPMS is being effectively used by the second oldest stock exchange in India for several years. SmartOPMS is integrated with distributed heterogeneous platforms - trading system on fault tolerant Stratus servers, settlement and clearing system on IBM AS/400 / DB2/400 and the trader workstations and market surveillance desktops running Windows NT. Integration plug-ins are developed using various protocols such as TCP/IP sockets, HTTP and ODBC.

For further information on Applied Software products email us: products@appliedcommerce.com